This is long. This is a rant about my workplace. While the story is specific to my employer, it’s actually more of a rant about rampant capitalism, of which my employer is highly adherent to. It is sort of a difficult post for me to write. I’ve been wrestling with myself for the last couple of days on the topic because I’ve felt I have no right to complain. After all, I have a job, I’m paid quite well, the work is easy and in a field I enjoy. There are people who do not have all, some, or even any of those. Why should I complain?
Let’s just cut to the situation, then break it apart from there. Friday morning we got an announcement that because of the pandemic and the resulting slowdown in business at the company, there were going to be some changes implemented. So far, this sounds like every other company dealing with COVID fallout. The changes include: pay cuts (15% for managers and up, 10% for everyone else), discontinuation of 401k matching, discontinuing anniversary bonuses, and discontinuation of PTO cashouts. Earlier in the year, when COVID began, the company announced a wage freeze, so no more raises until things turn around.
How did this affect me personally? I am considered maxed out on salary, so my raises have been trivial for the last few years. A wage freeze doesn’t hurt me too bad. However, a 10% pay cut, wiped out 6 years worth of raises for me. You can also take out 4% of my salary from the loss of the 401k match. The anniversary bonus is something nice to look forward to, and since my anniversary is in a couple of weeks, this stings a little more than usual.
I say again, why should I complain? It’s just money and even with the changes, I’m still probably in the top 10 highest paid people in the company. My finances are very stable. But to not complain is to accept and encourage that mentality that is choking and killing America – I got mine. Fuck you.
This is a family-owned company, and a couple of the family members/owners "work" there. Over the years, their involvement has dwindled as their age has also progressed. They are all very, very wealthy and surely want to spend their lives and their money in other ways.
As spokespeople for the company, the owners have always stressed how the employees are like extended family. However, when we have our annual layoffs, the remaining people are reassured that the company is financially strong. I get it. A company is not supposed to lose money; it wouldn’t survive like that. However, when times are lean and there is a choice to reduce profit or reduce headcount, the same decision is always made.
I say again, I get it. Money can come from a business in three ways: a salary, year-end profits, and the intrinsic value of the company itself. I would be on board if the decision to preserve profit was because the owners only income was the corporate profit. But it’s not. The owners have the intrinsic value, they have the annual profit, and they also all pull a salary from the company. They are triple-dipping and hoarding all the profits for themselves. They sacrifice others for their own gain.
Now, here’s the straw that broke my back with this last announcement. Two things actually. First was the mention of layoffs. The announcement rationalized that when volume was down, the company would lay people off. And why not? They’ve done it every year for at least four years. While they didn’t explicitly say we should be happy they didn’t resort to layoffs, mentioning it at all means it was considered.
So why wasn’t that the decision? Thanks to freedom-loving patriots out there (who I’m sure had to fight valiantly against the current administration), it is in public information that I was able to find out that our company received a PPP loan from the government in the amount of somewhere between 2 and 5 million dollars. A provision of taking that loan is that you do not lay off any workers. So layoffs weren’t an option, although it was still considered. However, there’s no restriction against cutting salary or benefits (research shows that this not uncommon).
If you know the PPP loan program, you know it’s not a loan. It’s forgivable as long as you abide by its rules. So, it’s free government money (it’s not socialism when it’s capitalism, right!). Our company got over 2 million dollars for free to pay for our salaries and our company instead cuts salaries. That improves the company’s profit, which goes to… the owners, exclusively. Hypothetically, lets say our business was down enough that we made no profit this year, we just broke even. With the PPP loan, payroll expenses drop by $2M+, profit becomes $2M+. And that is not enough for the owners. Fuck you, I’m getting mine.
I know business. I know how it can be used to fuck people. I saw it at my last job and I see it here. In my last job, there was a "final con" to fuck the employees and enrich the owner on his way out. While I’m not sure my previous employer actually got to execute his plan before I left, if my prediction for this company’s "final con" is correct, it’s already a done deal.
The owners are old and not involved in the business anymore. They want out. Business is down and has been down for quite some time. That is bad for the owners. When someone wants to buy a business, they want to see what return on investment they will get from it. If the company isn’t turning good profits, its value (the sale price) decreases. While anyone pitching the company is going to point out the glory years as what the company is capable of and will also hype the potential of the business when COVID ends, they still need to prove short-term viability and profit.
I’ve already told you the secret a few paragraphs ago. Reduce expenses, profit goes up. By cutting everyone’s salary and the 401k benefits and anniversary bonuses and the cash value of PTO, the company immediately looks better financially to a buyer. The buyer has no obligation to restore any of those things. For all they know, it’s always been that way. Maybe they would see in a prior year financial statement that expenses were much higher, but why should they care? The current and future financials say they’ll make good money.
Pause for a moment and absorb all that. Now, because I have to explicitly say this, if the company looks like it will be more profitable to a buyer, the company can be sold for more money. That money goes to… the owners, exclusively. The salary and benefit cuts remain.
Now, in closing. I do get it. This is business. Do not ever feel like your employer give one single shit about you or your life. Are there exceptions to this? Sure. But America is greed and selfishness personified. It’s going to take generations to turn this around if it even can be turned around. It’s not going to happen in my lifetime for sure. I really do empathize with the younger generations and what they are facing.
Farewell To Tweets
Since this is an unprecedented event in my time, I figured I’d at least record my thoughts on it to remember exactly what it was like. I am referring to the sudden, rapid implosion of Twitter. Since I’ve been a wordy motherfucker for decades, I obviously have no interest in Twitter. It never suited my purposes and I never "got" what it was trying to sell. So, this is clearly an outsider’s opinion.
Let’s start with my issues with the man behind the destruction. Elon "This isn’t even my final form" Musk has been insufferable for years now and this is just the latest deed. Fortunately, this is the one that pulls the curtain back on his actual lack of ability. A spoiled brat falling upwards until he now seems to have reached the ceiling. The only thing you can give him credit for is bankrolling other people’s ideas, like EV and space transportation. I don’t buy for a minute all the people who say, "he’s a genius. I’ve heard him talk and he knows his stuff." He only has a skill of regurgitating other people’s knowledge, which is also a skill of a huckster. He also has the self-important aura that makes him appear superior to others. It’s no wonder he is an authoritarian, it’s his trajectory.
One of the biggest, biggest things that pisses me off about the Twitter problem is that it didn’t have to be a problem. Everything Musk complains about is from his own doing. Losing $4m/day? It wasn’t before you got there. Overstaffed, unproductive workers, company costs too high? Wasn’t before you got there. If Musk had just been a slightly better person and not tried to do some obvious market manipulation, resulting in him being forced to make good on an offer that was only supposed to make him richer, Twitter might still be around.
Next in line for gripes is the complete foolishness of Musk’s "management" style. It’s not really management, it’s just barking orders. The whole idea of, "I am the single source of guidance and direction" is impossibly stupid in an organization. And as much as I hate to bring this other asshole into the conversation, it’s just like Trump being president. Businesses and governments are built on a hierarchy for a very good reason. It frees the people at the top from having to worry about the details, but authoritarians have to control every little detail. And it sucks for everyone involved because there is no consistency and the second in command remains as clueless as the commoner. Why even have a hierarchy then?
All of this superiority complex leads to the next point of stupidity. Walking in on day one and firing the people in charge, then firing half the staff before you even understand how the company operates, then threatening the remaining people with double the workload and no additional incentive – still before you understand how the company runs – then, once a large number of those remaining people have bowed out, finally asking to be clued in as to how things work. Any intelligent businessperson would spend months analyzing the system from the inside before making any changes. Musk is lucky any of the other companies he bought survived his leadership and managed to stay on their original track.
I feel like I could go on, but I want to address the now and future of Twitter the service.
So, pre-Musk (PM), Twitter had a real problem with the quality of its userbase. It had lots of harassment, incitement, and general bad behavior. But so does every other social media site out there. In that way, I am anti-social media in total. I don’t think it has proven to be a good mechanism for communication. The strengths it touts, allowing you to send off a quick message, as well as quickly reply in kind, are actually the wrong things to be promoting. Spur-of-the-moment, off-the-cuff, spontaneous messages, spoken without consideration, as well as knee-jerk, impulsive responses, are not a conversation. They are not anything but thoughts, and they lead to people doubling down and digging in on things they never should have said and can’t bring themselves to apologize for. So again, quick messages are not good.
However, when it comes to news and alerts, quick messages are great. And now a lot of governments and officials are wondering how they’re going to get the same effects after Twitter dies. And again, I’m going to say, Twitter is not good for this use case either. The problem I am focused on is that a lot of "alerts" are not internationally important or relevant. The ones that people are worried about: active shooter, natural disaster, policy changes – these are all regional. It does me no good to hear about an active shooter in CA when I’m across the country. As best it’s a distraction. And that’s the term I want to apply to Twitter broadly, it’s a distraction. It causes you to concern yourself with things that are not something you can do anything about and are not time sensitive. This is the problem the 24hr news cycle started and Twitter just turbocharged it. So, I feel that governments are going to go back to the way they used to issue alerts, which were more regional. Journalists that cover those regions will subscribe to those alerts and will amplify the message appropriately.
And I think what’s going to close up this post is the observation from someone who was there before the internet and seen how things got better and worse. While the internet has been invaluable for accessing information that is more of a static nature, it has been more of a detriment for more transient information. There’s lots of news that doesn’t need to be consumed right at the moment. Even big news, like the Queen is dead, could wait for the evening. That news doesn’t change what I am going to be doing for the day. Again, it’s a distraction. And I think the number of distractions we’re facing in a day is causing some serious societal harm. I feel like I’ve written about this before, where if you read about 10 rapes in the news in a day, they feel like they’re all in your neighborhood. The whole idea of being an interconnected world is not so appealing when you have to also bear the weight of the entire world’s problems.
It’s almost like we need some sort of hierarchical structure for news.